The USDCAD pair managed to reach the bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, and according to the trading rules inside the channels, we expect to start bouncing bullishly to resume the main bullish trend, on its way to achieve positive targets that start at 1.2950 and extend to 1.3075.

Therefore, the bullish bias will remain suggested for the upcoming period, noting that breaking 1.2770 followed by 1.2725 levels will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1.2740 support and 1.2870 resistance.

The expected trend for today: Bullish

The USDJPY pair resumed its positive trades to reach 115.00 barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our main waited target at 115.50.

On the other hand, we notice that the price completed forming double bottom pattern that we expect to lead the price to achieve more gains on the intraday and short term basis, taking into consideration that the continuation of the bullish wave requires holding above 114.00.

The expected trading range for today is between 114.20 support and 115.50 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to achieve our first waited target at 1.3410 and breached it to settle above it, which supports the continuation of our expectations of the correctional bullish trend domination, which its next target located at 1.3485.

Therefore, we are waiting for more rise in the upcoming sessions, and breaching the mentioned level will push the price to 1.3565 direct, while the expected rise will remain valid conditioned by the price stability above 1.3370.

The expected trading range for today is between 1.3360 support and 1.3410 resistance.

The expected trend for today: Bullish

The EURUSD pair didn’t show any strong move in the previous sessions, to stay stuck between the key levels represented by 1.1375 resistance and the support line that rises now to 1.1295, which keeps our neutrality valid until the price manages to breach one of the mentioned levels.

Note that breaking the mentioned support will press on the price to resume the main bearish trend that its next target located at 1.1150, while breaching the resistance represents the key to turn to rise and achieve gains that start by testing 1.1460 and might extend to 1.1560 areas.

The expected trading range for today is between 1.1250 support and 1.1400 resistance.

The expected trend for today: Depends on the above mentioned levels